CTP Insurance NSW

CTP NSW

CTP insurance NSW is compulsory for everyone who owns and garages a vehicle in NSW.

The NSW CTP scheme is largely a common law fault-based one, which means the injured person must prove that another driver was at fault in a motor vehicle accident. At-fault drivers are not covered by CTP insurance NSW to the same extent as other injured people. All parties can receive compensation up to $5,000 for less serious injuries, regardless of fault.

NSW is not like other Australian states and territories as you must pay separately for CTP insurance before you can register your vehicle.

CTP insurance is heavily regulated in NSW because it is a compulsory public scheme provided by private insurers.

The NSW government is currently making changes to the CTP Insurance NSW scheme because it was becoming increasingly expensive for drivers and inefficient in paying benefits to injured people.

State Insurance Regulatory Authority (SIRA) is the regulator of CTP insurance in NSW. Its role is to monitor the performance of CTP insurers. Insurers set prices and have to submit them at least once a year to SIRA. SIRA can reject them if they do not meet the guidelines.

Contact SIRA for concerns about the NSW CTP scheme and information about making a claim.